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Entrepreneurship Is Booming With Boomers

Business start-ups were at a 14-year high in 2009 according to the Ewing Marion Kauffman Foundation. The Foundation also reported that those in the 54-66 age group were the most likely to start a new businesses!

Why now and why this group?

There are many good reasons for Baby Boomers to start businesses now, says Mary Beth Izard, entrepreneur, author of BoomerPreneurs: How Baby Boomers Can Start Their Own Business, Make Money and Enjoy Life, and professor emeritus of Johnson Community College in Overland Park, Kansas.

Some Boomers may have recently retired and want to shore up their depleted retirement accounts or supplement their income. Others may have recently lost their jobs and think a better option is to create their own. In addition, according to Izard, they also have these six things going for them: